Estate Planning Isn’t Just For The Elderly
If you are like most people, death is not an easy conversation to have. It is tough when you're having that conversation with your adult children. Death is an uncomfortable topic, but it benefits the whole family if you have a conversation with them about your estate...
If you wish to leave your assets to loved ones after passing on, you probably do not want their inheritance eaten up by heavy taxation. In New York, there are both state and federal estate taxes. However, proper estate planning may result in the reduction of these...
An executor of a will has many important responsibilities they must handle. This person will assume your role in financial matters after you are gone to ensure debt repayment, disperse inheritances, and other tasks. Because the role is so crucial to your estate and...
As a parent, you should make sure that you plan for the unfortunate event of your death. If you fail to plan, your child could end up in the foster care system, separated from the people who love him or her. The best way to plan is to name a guardian in your will. The...
Drafting an estate plan is not always a pleasant prospect, but it is necessary for ensuring your family is cared for after your death. Understanding what goes into an effective plan may make the task less daunting. An estate plan expresses your wishes regarding who...
As your parents age, you will need to take some responsibility for their care in order to keep them safe and healthy. When the time comes that you recognize they require more care, you may need to talk with other family members to determine what to do. It can be tough...
Your parent may find difficult the idea of residing in a New York nursing home, especially post-COVID, and you may also have a hard time picturing your mother or father living in one. Doing research and asking questions before selecting a nursing home can make the...
Having an idea of when to review your estate plan is an essential part of its maintenance. Of course, every person's situation differs. There is no one timeline for updating and reviewing that works for everyone. But you can still follow a rough guideline. There are...
As a new parent, you prepared for the arrival of your child in many practical ways, such as buying diapers and opening a college fund. Now, prepare a will. You may not feel ready to think about estate planning at such a young age. Yet for new parents, thinking of the...
As discussed in Anthony J. Enea Esq.’s recent article, “Seniors and the Disabled Get a Needed Reprieve from the Imposition of the new Penalty and Lookback Period for Community Medicaid,” and Samantha Lyons Esq.’s blog, “New 2021 Medicaid Rates,” the new look back for...